Gold Holding Strong Amid Market Volatility

While equity markets continue to tumble, Gold (XAU/USD) has extended its bullish momentum for the 4th consecutive day, with the latest daily candlestick retesting the $3,438.35 resistance zone.

Key Observations:

• Since mid-April, Gold has been consolidating in a wide range, building a strong base for a potential breakout.
• The current breakout attempt suggests renewed strength, with upside momentum favoring a move toward the next target at $3,731.56.
• In case of a pullback, the $3,303.05 – $3,334.74 zone remains a critical support area — and could present a buy-the-dip opportunity for disciplined investors.

Outlook:

The broader structure remains bullish, supported by safe-haven demand amid stock market weakness. A confirmed breakout above $3,438.35 opens the door for continuation toward new highs.

Investor Takeaway:

Gold continues to demonstrate its resilience in uncertain markets. Whether you are a short-term trader or a long-term investor, understanding these levels can help refine your strategy.